Serbia to buy gold – NBS treasury has 20 tons of reserves

Monday, 31. Dec 2018.

The National Bank of Serbia has more than 20 tons of gold reserves, stated Governor Jorgovanka Tabakovic.

She said on TV Prva that she agreed with the suggestion made by the president of Serbia that the NBS should buy gold and that the bank was already doing so, pointing out that security is of utmost importance.

President Aleksandar Vucic pointed out recently that there was a risk of a new economic crisis occurring in late 2019 or 2020 and that, while Serbia could not do much about it, it could prepare to minimize the risk.

He said that Serbia would therefore orient itself toward increasing foreign exchange reserves, as well as reserves of gold, and that he told Governor Jorgovanka Tabakovic to slowly start buying gold, because “once the global crisis hits, the gold will be at its most expensive”.

Source: eKapija

21. Mar 2019.
NIS and MET Group to build wind park in Plandiste

21. Mar 2019.
Chinese company Jinlong soon to become majority owner of Ikarbus

18. Mar 2019.
P[amp]O Ports Dubais application for privatization of Port of Novi Sad deemed valid

15. Mar 2019.
NBS records after-tax profit of RSD 30.66 billion in 2018

15. Mar 2019.
Sberbank to sell Agrokor stake after restructuring, IPO possible

11. Mar 2019.
Jagodinska Pivara sold for RSD 50 million

25. Feb 2019.
FAM Krusevac sold to American company Valvoline for EUR 9.5 million – Local brand not to be disconti

20. Feb 2019.
EBRDs first investment in local currency bond in Serbia

18. Feb 2019.
Coca-Cola HBC begins process of acquisition of Bambi worth EUR 260 million

12. Feb 2019.
Commission for Protection of Competition authorizes purchase of Masko cable operator by Telekom Srbi

12. Feb 2019.
Consulting company selected for valuation of Lasta

10. Feb 2019.
Tanjug and Dow Jones sign agreement on cooperation

08. Feb 2019.
Vinci to present plans for Belgrade Airport on February 13

04. Feb 2019.
French Lazard to be privatization consultant for Komercijalna Banka

25. Jan 2019.
HBIS Group surpasses Fiat – Zelezara biggest exporter in 2018

21. Jan 2019.
Vinci and Terna sign agreement on works at Nikola Tesla Airport worth EUR 262 million – New runway,

18. Jan 2019.
Income of Metalac in 2018 at EUR 110 million – Results exceed plans

17. Jan 2019.
Brauerei Group Belgrade becomes owner of Valjevska Pivara

16. Jan 2019.
Putin to bring investor for Russian counterpart to Belgrade Waterfront – Investment fund Marera Prop

15. Jan 2019.
Investors to get 3,000 to 7,000 euros per job in 2019 – No more state subsidies for international tr

15. Jan 2019.
Telekom spends EUR 310 million buying cable operators

13. Jan 2019.
Tendering for sale of Lasta to start by end-March – Selection of consulting and auditing company in

09. Jan 2019.
Republic of Serbia to become majority owner of Komercijalna Banka?

08. Jan 2019.
Mandatory registration of beneficial owners not later than 31 January 2019

08. Jan 2019.
Planinka to buy Kursumlijska Banja

28. Dec 2018.
Russians interested in Petrohemija – Tendering for privatization to start in February

26. Dec 2018.
Poseidon Group announces opening of Capitol Park Zajecar in spring 2019 - Investment worth EUR 10 mi

26. Dec 2018.
N. Tesla Airport shares reach historic high on Tuesday

21. Dec 2018.
Serbia-Korea Information Access Center emerges on top in only a year